Projections for Planning Purposes Only Not to be Used without Updating after March 2, 1998 B-1241 (C03) Wheat, Dryland Texas Rolling Plains (3) 1998 Projected Costs and Returns per Acre GROSS INCOME Description ============================ PASTURE WHEAT WHEAT Quantity ========= 65.000 25.000 Unit ==== lb/g bu. $ / Unit =========== 0.3200 3.5800 Total GROSS Income VARIABLE COST Description ================================= PREHARVEST MISCELLANEOUS FERTILIZER (N) SEED CROP INSURANCE Fuel & Lube - Machinery Repairs - Machinery Labor - Machinery Total PREHARVEST HARVEST CUSTOM HARVEST OVERAGE CUSTOM HAULING - OC Borrowed $ / Unit =========== Total =========== 1.000 100.000 80.000 1.000 acre lb. lb. acre Acre Acre Hour 1.000 .150 .165 3.500 1.00 15.00 13.20 3.50 5.76 2.86 8.62 =========== 49.95 ________ ________ ________ ________ ________ ________ ________ 13.00 0.65 2.60 =========== 16.25 ________ ________ ________ 3.38 =========== 69.57 ________ 40.73 ________ Total =========== 19.55 26.25 =========== 45.80 ________ ________ 115.37 ________ -5.07 ________ 1.437 1.000 5.000 20.000 acre bu. bu. 35.539 Dol. GROSS INCOME minus VARIABLE COST Total FIXED Cost Total of ALL Cost NET PROJECTED RETURNS ________ Unit ==== Total VARIABLE COST FIXED COST Description ================================= Machinery and Equipment Land Your Estimate ======== ________ ________ Quantity =========== 6.001 13.000 .130 .130 Total HARVEST Interest Total =========== 20.80 89.50 =========== 110.30 Unit ==== Acre Acre 0.095 ________ ________ ________ ________ Information presented is prepared solely as a general guide and is not intended to recognize or predict the costs and returns from any one particular farm or ranch operation. These projections were collected and developed by staff members of the Texas Agricultural Extension Service and approved for publication. Projections for Planning Purposes Only Not to be Used without Updating after March 2, 1998 Date ======== 11/14/97 12/14/97 01/14/98 02/14/98 03/14/98 05/19/98 Date ======== 06/14/97 07/14/97 07/20/97 08/14/97 08/14/97 09/09/97 09/09/97 09/09/97 12/30/97 01/31/98 02/15/98 05/19/98 05/19/98 05/19/98 05/30/98 Stage Type of of Production Prod. ================ ===== HARVEST A HARVEST A HARVEST A HARVEST A HARVEST A HARVEST A Stage Type of of Production Input ================ ===== PREHARVEST M PREHARVEST E PREHARVEST M PREHARVEST E PREHARVEST M PREHARVEST M PREHARVEST E PREHARVEST E PREHARVEST M PREHARVEST M PREHARVEST M HARVEST G HARVEST G HARVEST G K Product Number Weight of per Units Head ========================= ============= ============= PASTURE WHEAT 15.0000 .0000 PASTURE WHEAT 15.5000 .0000 PASTURE WHEAT 15.5000 .0000 PASTURE WHEAT 14.0000 .0000 PASTURE WHEAT 5.0000 .0000 WHEAT 25.0000 .0000 Input Name Name Number of Units ========================= ============= DISCING-TANDEM 21 FT 1.0000 MISCELLANEOUS WHEAT 1.0000 DISCING-TANDEM 21 FT 1.0000 FERTILIZER (N) WHEAT 100.0000 CHISELING 25 FT 1.0000 DRILLING GRAIN 1.0000 SEED WHEAT 80.0000 CROP INSURANCE WHEAT 1.0000 PICKUP TRUCK 3/4 TON 25.6670 DISCING-TANDEM 21 FT .1000 DISCING-TANDEM 21 FT .1000 CUSTOM HARVEST WHEAT 1.0000 OVERAGE WHEAT 5.0000 CUSTOM HAULING WHEAT 20.0000 LAND CHARGE WHEAT 1.0500 B-1241 (C03) Cash Landlord Break NonShare Even Cash Prod. ===== ======== ===== N 33.00 N N 33.00 N N 33.00 N N 33.00 N N 33.00 N C 33.00 N Cash Fixed Landlord Nonor Share Cash Vari. ===== ===== ======== .00 C V .00 .00 C V 33.00 .00 .00 C V .00 C V 33.00 .00 .00 .00 C V 33.00 C V 33.00 C V 33.00 C F .00 Information presented is prepared solely as a general guide and is not intended to recognize or predict the costs and returns from any one particular farm or ranch operation. These projections were collected and developed by staff members of the Texas Agricultural Extension Service and approved for publication.